Crude Oil’s Implied Volatility and Price Forecast
On April 17, US crude oil’s implied volatility was 22.1%, which is 5.5% below its 15-day average.
Miscellaneous
Is There More Upside to Planet 13 Holdings Stock?
As of April 12, Planet 13 Holdings (PLTH) was trading at 3.17 Canadian dollars, which represents a rise of 112.8% since the beginning of this year.
Can Lululemon Keep Up Its Strong Revenue Growth?
Lululemon’s (LULU) revenue increased 24.9%, 24.5%, and 20.8% in the first, second, and third quarters of fiscal 2018, respectively.
Central Banks Purchased the Most Gold in 50 Years in 2018
According to the gold demand trend released by the World Gold Council on January 31, annual gold demand increased by 4% in 2018.
Analysts Favor a ‘Buy’ Rating for iAnthus Capital
Of the six analysts that cover iAnthus Capital Holdings (IAN) (ITHUF), one analyst has given the stock a “strong buy,” while five analysts are favoring a “buy” recommendation.
Analysts’ January Rating Updates for TLRY, CGC, and ACB
With a lot of action expected to boost the sentiments of cannabis investors (HMMJ), three major cannabis stocks are off to a positive start in 2019.
Q4 2018 Started on a High Note for Gold
During the third quarter, gold’s price fell ~5%, dipping below the psychologically important level of $1,200 per ounce it touched in August.
Why Adobe Acquired Magento
On May 21, Adobe (ADBE) announced its acquisition of Magento Commerce for $1.7 billion.
Why SAP Acquired Coresystems
On June 5, German-based (EWG) SAP AG (SAP) announced its acquisition of CoreSystems.
US Steel Companies Keep Fingers Crossed, Key Deadline Looms
U.S. Steel Corporation, AK Steel, Nucor, and Steel Dynamics will probably keep their fingers crossed as the “final” deadline approaches.
The Most Crucial Element in the Precious Metals Downtrend
Gold ended the day almost flat on Wednesday, May 2, and closed at $1,304.90 per ounce.Miscellaneous How Is the Dollar Affecting Precious Metals?
Besides ongoing geopolitical concerns, a crucial factor that gold keeps looking to for directional moves is the US dollar.
What Do the MLP Funds Flows Indicate?
AMLP has seen a net outflow of $467.8 million over the past one-month period ended March 16, 2018.
Crude Oil Traders Track Venezuela’s Oil Production
The EIA estimates that Venezuela’s crude oil production increased by 15,000 bpd to 1,620,000 bpd in February 2018—compared to January 2018.
Key Events That Could Steer Oil and Gas Prices This Week
The EIA’s (U.S. Energy Information Administration) Drilling Productivity Report is scheduled for release on February 12, 2018.
How Aphria’s Global Footprint Could Change after the Nuuvera Acquisition
After the acquisition closes, Aphria’s shareholders will represent 85.2% of the pro forma ownership, while Nuuvera shareholders will represent 14.8%.
Gold’s Outlook for 2018
Looking ahead for 2018, industry analysts stated in a Bloomberg article that they expect gold to perform better early in the year led, by the “January effect.”
Where Could Natural Gas Prices Close Next Week?
On January 25, 2018, natural gas’s implied volatility was at 54.8%, 8% above its 15-day average.
Commodities Are Strong in the Early Hours on January 26
At 4:00 AM EST on January 26, the West Texas Intermediate crude oil futures for March 2018 delivery were trading at $65.44 per barrel—a drop of 0.11%.
How the Energy Sector Performed in 2017
In this series, we’ll look at the best-performing and worst-performing stocks of the Energy Select Sector SPDR ETF (XLE) and analyze the earnings and developments behind the movements.
Does Natural Gas’s Rise Depend on Crude Oil?
Between January 16 and January 23, 2018, natural gas (GASL) (UNG) (FCG) had a correlation of 84.6% with US crude oil (OIIL) (USL) (DBO) active futures.
US Crude Oil Inventories Hit February 2015 Low
US crude oil inventories fell by 1.1 MMbbls (million barrels) to 411.6 MMbbls on January 12–19, 2018. Inventories decreased 0.3% week-over-week.
Is Natural Gas Pricing in Colder Weather?
On January 23, 2018, natural gas February 2018 futures settled $0.34 above February 2019 futures.
US Gasoline Inventories Could Threaten Crude Oil Prices
According to the EIA, US gasoline inventories increased by 3.1 MMbbls (million barrels) to 244 MMbbls on January 12–19, 2018.
How Is Bitcoin Faring after Last Week’s Slump?
Investors (SPX-INDEX) around the world looked to gold (GLD) (IAU) for the rescue during the slump in bitcoin prices.
Analyzing Commodities in the Early Hours on January 23
At 5:55 AM EST on January 23, the West Texas Intermediate crude oil futures for March 2018 delivery were trading at $63.88 per barrel—a gain of 0.49%.
Restarting the Wintershall Oilfields in Libya Could Impact Oil Prices
On January 21, the NOC (National Oil Corporation) of Libya said that it would restart the Wintershall AG’s Sara oilfield. NOC is a state-owned oil company.
US Oil Exports Could Threaten International Oil Prices
In the week ending January 12, 2018, US crude oil exports were at ~1.25 MMbpd—234,000 barrels per day more than the previous week.
Are Oil ETFs Outperforming Oil?
Between January 12 and January 19, 2018, the United States Oil ETF (USO) fell 1.2%.
How Natural Gas ETFs Performed Last Week
Between January 12 and January 19, 2018, the United States Natural Gas ETF (UNG), an ETF that has exposure to natural gas futures, fell 1.7%.
Analyzing the Correlation of Gold to Miners in January 2018
First Majestic Silver saw correlation drop during the past three years. On a three-year basis, its correlation with gold was 0.57.
Reading the Performance of Mining Shares amid Surging Metals
On January 12, 2018, precious metals were once again on a rising streak, which also led to increasing prices for mining shares.
Are the Gains in Natural Gas and Oil Coincidental?
Between January 9 and January 16, 2018, the correlation between natural gas and US crude oil active futures was 52.7%.
Natural Gas Market Could Be Pricing In a Supply Deficit
On January 16, 2018, the gap between natural gas’s February 2018 futures and February 2019 futures was $0.07, or the futures spread.
Oil ETFs: How They’re Performing at Oil’s 3-Year High
Between January 5 and January 12, 2018, the United States Oil ETF (USO), which holds positions in US crude oil active futures, gained 4.5%.
How Natural Gas ETFs Are Reacting to Spike in Natural Gas
Between January 5 and January 12, 2018, the United States Natural Gas ETF (UNG), which holds positions in active natural gas futures, gained 14.5%.
Oil Inventory Data Could Push Oil Higher
In the week ending January 5, 2018, US crude oil inventories fell by 4.9 MMbbls (million barrels)—1 MMbbls more than the market’s expected fall.
Is $3.30 Possible for Natural Gas Next Week?
On January 11, 2018, natural gas’s implied volatility was 49.1%. That’s 7% above its 15-day average.
Oil Price Reach 3-Year High: What about Bunker Fuel Prices?
On January 4, 2018, the average bunker fuel price was $431 per ton—compared to $413 per ton on December 21, 2017.
How Mining Stocks Have Performed in January So Far
SLW, GOLD, ABX, and BVN have call implied volatilities of 30.8%, 23.9%, 24.5%, and 30.8%, respectively.
The Dollar and Its Relationship to Precious Metals
The US dollar rose 0.18% on Tuesday, January 9, 2018, which led to the lower price of spot gold (GLD) and silver.
Analyzing the Correlation between Miners and Gold in January
Most mining stocks have risen over the past one month due to the revival in gold prices.
Gasoline and Distillate Inventories Could Impact Crude Oil Prices
February US crude oil (DWT) (SCO) futures contracts rose 0.8% and were trading at $63.46 per barrel at 1:13 AM EST on January 10, 2018.
How Do Miners’ Technical Details Look?
Most of the mining companies have risen during the past few weeks. The miners tend to move according to precious metal prices rather than the equities market in general.
US Oil Exports Are Crucial for Oil Prices in 2018
On January 8, 2018, Brent crude oil (BNO) active futures were $6.05 stronger than WTI (West Texas Intermediate) crude oil (USO) (UCO) active futures.
Will US Crude Oil Prices Make a New 3-Year High?
On January 8, 2018, US crude oil (USO) (USL) February 2018 futures rose 0.5% and closed at $61.73 per barrel—0.5% below the three-year high.
Analyzing the US Food Retail Space in 2017
Walmart (WMT) is America’s largest food retailer. Kroger (KR) is the second-largest food retailer and the largest supermarket.
Mining Stocks Follow Precious Metals: Technical Insights
New Gold, Agnico-Eagle Mines, Franco-Nevada, and Cia de Minas Buenaventura have call-implied volatilities of 45.2%, 24.4%, 21.7%, and 31.2%, respectively.
Analyzing Precious Metals: Dollar Had Its Worst Year since 2003
Although most of the upswing in precious metals has been due to the rise in geopolitical risks in 2017, the dollar has been the most crucial factor.
Possible Downside in Natural Gas Next Week
On December 21, 2017, natural gas prices closed at the lowest closing level since February 23, 2017. Since that day, natural gas futures have risen 11.1%.